japan
Crude oil prices saw an uptick on Monday due to political instability in major oil-producing countries. This follows the tragic death of Iranian President Ebrahim Raisi in a helicopter crash and the cancellation of a planned trip to Japan by Saudi Arabia’s Crown Prince Mohammed bin Salman due to health concerns regarding his father, King Salman. Brent and WTI crude prices climbBrent crude increased by 41 cents, or 0.5%, reaching $84.39 per barrel by 0632 GMT. Earlier, it hit $84.43, marking its highest point since May 10. Similarly, U.S. West Texas Intermediate (WTI) crude for June rose by 23 ...
Invezz
Today, on 14 May 2024, Sony reported its earnings for the fiscal year 2023. Sony’s revenue and profitsThe company reported a 7% drop in its annual profits in FY23 due to a decline in its financial services. The operating profits for the full year grew by 5% to 1.28 trillion yen. The Japanese conglomerate saw that its net profit rose to 34%. Sony generated a revenue of 3.5 trillion yen. This signifies a 14% increase year-over-year. In 2023, the financial services unit reported an operating income of 173.6 billion yen, representing a 22.5% decline compared to the previous year, following a signi...
Invezz
Energy ministers representing the Group of Seven (G7) major democracies are set to sign an agreement aimed at ending the use of coal in electricity production by 2023 and 2035. However, two diplomatic sources say Germany and Japan may be exempt from this agreement. Outlines of the agreementSources state that G7 nations promise to close their coal-fired plants by the early 2030s, however, these countries could also choose to have a deadline aligned with maintaining the global temperature increase below 1.5°C. This would give Berlin and Tokyo flexibility, given that their coal-fired plants gener...
Invezz
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